Avalanche to Build Two AVAX Reserve Firms, Plans to Raise $1B: Report

Avalanche doubles down on institutional adoption with ambitious $1 billion capital raise.

Building Two Reserve Entities

The blockchain platform isn't just talking expansion—it's structuring it. Two separate reserve firms dedicated solely to AVAX assets will anchor this new institutional framework. Because nothing says 'serious' like creating corporate entities just to hold your own token.

The Billion-Dollar Gambit

$1 billion. That's the target figure Avalanche aims to secure, positioning AVAX reserves as institutional-grade assets. Wall Street's traditional finance players would call this 'strategic allocation'—crypto natives call it 'putting your money where your mouth is.'

Institutional Crypto Just Leveled Up

Forget mere adoption—this is about creating entire financial ecosystems around native assets. While traditional banks still debate blockchain integration, Avalanche is building the entire banking infrastructure around its token. Because sometimes you don't just join the system—you build a better one right next to it.

Hivemind, Dragonfly to Lead Avalanche Treasury Vehicles – Serious Institutional Conviction Imminent

The first vehicle, led by Hivemind Capital, plans to raise $500 million through a private placement of a Nasdaq-listed company.

Anthony Scaramucci, crypto investor and founder of SkyBridge Capital, is serving as an advisor on the deal, the report noted. Scaramucci has been part of similar large-scale crypto efforts before, and his advisory role brings public attention to the project.

The deal is likely to be finalized by September end, the FT report added.

The second deal is a $500M special purpose acquisition company (SPAC) launched by the global blockchain investor Dragonfly Capital. The deal WOULD likely not conclude until October, it said.

SPAC structures enable quick capital deployment and possible mergers, speeding up the Avalanche ecosystem’s growth.

According to FT, Avalanche Foundation is in talks with investors to set up two US “digital asset treasury” companies, aiming to raise $1B to buy millions of AVAX at a discount. The first, led by Hivemind Capital, seeks up to $500M via a Nasdaq-listed firm with crypto investor and…

AVAX Signals Strong Bullish Momentum – Surges Over 7%

The native token of the Avalanche blockchain has shown a strong bullish trajectory on Thursday, following the announcement.

AVAX ROSE 8.55% in the past 24h, outperforming its 7-day and 30-day trends. Additionally, driven by DeFi platforms and memecoin activity, Avalanche processed 11.9M transactions in the past week.

Besides, Avalanche is gaining traction among investment firms such as BlackRock, Apollo and Wellington Asset Management, which have tried tokenized versions of funds on it.

On the technical front, AVAX is testing $27 resistance after forming a bullish double bottom pattern. The RSI at 69.99 shows room for upscale, confirming bullish momentum. The token is currently trading at $28.77 at press time, per CoinMarketCap data.